General ElectricNYSE: GE

Engine provides greater range, more power and reduced maintenance costs to meet mission demands WEST PALM BEACH, Fla, June 28, 2024 /PRNewswire/ -- GE Aerospace (NYSE: GE) announced today the acceptance of two T901-GE-900 engines by the U.S. Army for the Improved Turbine Engine Program's UH-60 Black Hawk integration and testing. The next-generation rotorcraft engines were unboxed during a ceremony at Sikorsky's facility in West Palm Beach, Florida.

GE Aerospace is a newly formed independent public company following the spinoff of GE Vernova. The company has a dominant position in the global aircraft engine market.

GE Vernova's turnaround has been boosted by the best demand environment in the last 50 years. Despite modest revenue growth, GE Vernova is expected to drive EPS growth through margin gains and cost-cutting measures, with a potential 42% upside in stock price by 2025. Key to 20% plus cash flow growth is delivering on an EBITDA margin turnaround from 2% in 2023 to 10% in 2026.

EVENDALE, Ohio--(BUSINESS WIRE)--The Board of Directors of GE Aerospace (NYSE: GE) today declared a $0.28 per share dividend on the outstanding common stock of the Company. The dividend is payable July 25, 2024, to shareholders of record at the close of business on July 11, 2024. The ex-dividend date for the NYSE is July 11, 2024. About GE Aerospace GE Aerospace (NYSE: GE) is a global aerospace propulsion, services, and systems leader with an installed base of approximately 44,000 commercial an.

GE Aerospace is developing a hybrid electric engine with the hopes it will power next-generation narrow-body jets by the middle of the next decade.

A GE Aerospace executive said on Wednesday global supply chains will likely remain challenged even next year, despite a production slowdown at Boeing.

New airplane engines typically come with negative engine profit margins. A delay in delivery of new engines could lead to an increase in aftermarket revenue in older engines.

GE Aerospace (GE) opens Istanbul facility, which will serve as its innovation hub to design and manufacture aircraft engines and related technologies.

JPMorgan cut its second-quarter revenue estimate on supply chain worries and said full-year delivery numbers could be at risk. Any shortfall should not hurt cash flow or earnings.